Because of a short-selling technology company with more than 30 million NT dollars (equivalent to about 6.06 million yuan), Taiwan’s variety king Wu Zongxian was sentenced a few days ago. According to Taiwan media reports, because Wu Zongxian pleaded guilty and reached a settlement with the investor protection center, the Taipei court sentenced Wu Zongxian to 1 year and 10 months in violation of the Securities Exchange Law and other crimes, suspended for 3 years and fined 3 million yuan. (equivalent to about RMB 600,000).
It is reported that due to the loss of investment in LED energy-saving industry, Wu Zongxian colluded with Xu Fengyang, the director of Lianming Action Technology, and used the fake transaction to jointly short out the assets of Lianming 32.5 million yuan (NTD, the same below) and was sued last year. In an interview with the media before, Wu Zongxian also vowed to say that there is no short-selling, "I will not make a fake contract, it is impossible to commit a crime."
Yes, many people have been defrauded in May this year.
As the amnesty of Taiwan's entertainment industry, Wu Zongxian's "transformation" after retreat can be described as difficult. Since 2006, Wu Zongxian has been obsessed with the LED business, and almost all his income has been thrown into the Alchemo technology company. Unfortunately, contrary to expectations, as the European and American economies continued to decline, Taiwan's electronics industry ushered in the winter, and in the second half of 2010, Alfa was in financial crisis.
In November 2011, Wu Zongxian, a financially difficult person, admitted that he had sold his mansion in the Emerald Hills in Xinyi District, Taipei, at a price of NT$400 million (about 84.48 million yuan), with a net loss of more than 100 million yuan. At the same time, he also sold his wife a piece of jade worth 30 million Taiwan dollars (about 6.33 million yuan). The Taiwan media pointed out that Wu Zongxian was unable to sell the property for liquidity because of the poor management of the LED company. In this regard, Wu Zongxian refused to admit.
In May 2013, Wu Zongxian was involved in a lawsuit. The Taipei District Prosecutor’s Office received a complaint that Wu Zongxian and his friend had partnered to invest in mainland performances, but the content of the contract was suspected of fraud. Therefore, Wu Zongxian was summoned to appear in court. Wu Zongxian said that this incident is a small dispute on the contract. "It is an old friend with the plaintiff. It is good to be open and honest."
However, after receiving the Taipei police investigation in July 2011, Wu Zongxian once was justified and laughed at the media saying that he was coming to testify, not the defendant. "I will not make a fake contract. Zong Xian may make mistakes, but it is impossible to commit crimes. You You can deceive yourself, but you can't deceive your food and clothing parents." He also swears in tears: "If there is a crime, you must quit the art world!"
However, in March 2012, according to the specific evidence of the flow of funds, the prosecutor found that he and Xu Fengyang and other 10 people even smuggled the assets of the company, and sued Xu Fengyang for 15 years. Wu Zongxian was not Mastermind, not seeking a heavy sentence.
Wu Zongxian, who had previously stated that "if the crime must withdraw from the art world," is very low-key and has no words to withdraw. "There is no need to worry about the things that are not done. The prosecutor has the knowledge of the prosecutor, and perhaps there is a gap with us. Let the law restore the truth, and the rest will be handled by a lawyer."
On January 16 this year, Wu Zongxian went to the Taipei court to re-emphasize that there was no short-selling, no confession, and that he was very good. He hoped that journalists should not write. The case was open all day, Wu Zongxian sighed and said, "I have done a good job with LEDs and I am very busy at work. It was a waste of my time when I came back from Beijing yesterday."
The original reason and the friend's fake transaction true loan
According to the Taiwan Apple Daily News, Wu Zongxian was formally sued last year, and the charges against the lawsuit were the business of the Securities Exchange Act, which was the most important for 10 years in prison. After a lapse of one year, the final verdict was 1 year and 10 months in prison and 3 years probation.
In fact, it has been two years since the initial exposure of the case. In 2011, the company’s former chairman Xu Fengyang was suspected of misappropriating, borrowing, investing, manipulating stock prices, inflating revenues, or falsifying capital increase and beautification, and misappropriating the company’s funds by nearly 100 million yuan. NT$60,000 of which were detected in January 2009, flowed to Wu Zongxian’s LED energy-saving industry Alfa Company account.
It is reported that Wu Zongxian loves to play music when he was young, and then became a friend with Xu Fengyang. Although it appears that Simmons has purchased LED products from Alfa, the prosecution believes the account is suspicious.
On July 13, 2011, Wu Zongxian was interviewed by the Taipei Procuratorate because he was suspected of “fake transactions, real loans†and violated commercial accounting laws. Wu Zongxian also admitted during the investigation: "At that time, Lian Ming Mobile Technology purchased LED lights from me with 60 million tickets, but later canceled the cooperation in March due to insufficient production capacity. After that, I refunded 36 million in cash, and the remaining 24 million have not yet return."
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
It is reported that due to the loss of investment in LED energy-saving industry, Wu Zongxian colluded with Xu Fengyang, the director of Lianming Action Technology, and used the fake transaction to jointly short out the assets of Lianming 32.5 million yuan (NTD, the same below) and was sued last year. In an interview with the media before, Wu Zongxian also vowed to say that there is no short-selling, "I will not make a fake contract, it is impossible to commit a crime."
Yes, many people have been defrauded in May this year.
As the amnesty of Taiwan's entertainment industry, Wu Zongxian's "transformation" after retreat can be described as difficult. Since 2006, Wu Zongxian has been obsessed with the LED business, and almost all his income has been thrown into the Alchemo technology company. Unfortunately, contrary to expectations, as the European and American economies continued to decline, Taiwan's electronics industry ushered in the winter, and in the second half of 2010, Alfa was in financial crisis.
In November 2011, Wu Zongxian, a financially difficult person, admitted that he had sold his mansion in the Emerald Hills in Xinyi District, Taipei, at a price of NT$400 million (about 84.48 million yuan), with a net loss of more than 100 million yuan. At the same time, he also sold his wife a piece of jade worth 30 million Taiwan dollars (about 6.33 million yuan). The Taiwan media pointed out that Wu Zongxian was unable to sell the property for liquidity because of the poor management of the LED company. In this regard, Wu Zongxian refused to admit.
In May 2013, Wu Zongxian was involved in a lawsuit. The Taipei District Prosecutor’s Office received a complaint that Wu Zongxian and his friend had partnered to invest in mainland performances, but the content of the contract was suspected of fraud. Therefore, Wu Zongxian was summoned to appear in court. Wu Zongxian said that this incident is a small dispute on the contract. "It is an old friend with the plaintiff. It is good to be open and honest."
However, after receiving the Taipei police investigation in July 2011, Wu Zongxian once was justified and laughed at the media saying that he was coming to testify, not the defendant. "I will not make a fake contract. Zong Xian may make mistakes, but it is impossible to commit crimes. You You can deceive yourself, but you can't deceive your food and clothing parents." He also swears in tears: "If there is a crime, you must quit the art world!"
However, in March 2012, according to the specific evidence of the flow of funds, the prosecutor found that he and Xu Fengyang and other 10 people even smuggled the assets of the company, and sued Xu Fengyang for 15 years. Wu Zongxian was not Mastermind, not seeking a heavy sentence.
Wu Zongxian, who had previously stated that "if the crime must withdraw from the art world," is very low-key and has no words to withdraw. "There is no need to worry about the things that are not done. The prosecutor has the knowledge of the prosecutor, and perhaps there is a gap with us. Let the law restore the truth, and the rest will be handled by a lawyer."
On January 16 this year, Wu Zongxian went to the Taipei court to re-emphasize that there was no short-selling, no confession, and that he was very good. He hoped that journalists should not write. The case was open all day, Wu Zongxian sighed and said, "I have done a good job with LEDs and I am very busy at work. It was a waste of my time when I came back from Beijing yesterday."
The original reason and the friend's fake transaction true loan
According to the Taiwan Apple Daily News, Wu Zongxian was formally sued last year, and the charges against the lawsuit were the business of the Securities Exchange Act, which was the most important for 10 years in prison. After a lapse of one year, the final verdict was 1 year and 10 months in prison and 3 years probation.
In fact, it has been two years since the initial exposure of the case. In 2011, the company’s former chairman Xu Fengyang was suspected of misappropriating, borrowing, investing, manipulating stock prices, inflating revenues, or falsifying capital increase and beautification, and misappropriating the company’s funds by nearly 100 million yuan. NT$60,000 of which were detected in January 2009, flowed to Wu Zongxian’s LED energy-saving industry Alfa Company account.
It is reported that Wu Zongxian loves to play music when he was young, and then became a friend with Xu Fengyang. Although it appears that Simmons has purchased LED products from Alfa, the prosecution believes the account is suspicious.
On July 13, 2011, Wu Zongxian was interviewed by the Taipei Procuratorate because he was suspected of “fake transactions, real loans†and violated commercial accounting laws. Wu Zongxian also admitted during the investigation: "At that time, Lian Ming Mobile Technology purchased LED lights from me with 60 million tickets, but later canceled the cooperation in March due to insufficient production capacity. After that, I refunded 36 million in cash, and the remaining 24 million have not yet return."
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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